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Rohm Co Ltd6963.TCompetitor analysis, valuation and peers

Japan · JPY·Information Technology›Semiconductors

Japanese semiconductor maker specializing in power devices (including silicon carbide), analog ICs and passive components.

≈ A Japanese analog/power chipmaker akin to onsemiMomentum laggard 3
Mkt cap
$6.76B
US dollars, full cap
Free float
77%
of shares outstanding
$/day
$134M
20-day average traded
Fwd P/E
24.3×
forward earnings
ROIC−WACC
-8.3 pp
WACC 10.3%
Hurdle
n/a
no reverse DCF
Next earnings
95 days
9 Feb 2027
Close · JPY¥2,759
1D-15.0%
1W-28.5%
1M-48.4%
3M-36.2%
6M-18.8%
YTD+25.2%
1Y+15.8%
ATR %9.7%
52w lowhigh54.8% off high

What Rohm does

Japanese semiconductor maker specializing in power devices (including silicon carbide), analog ICs and passive components.

Designs and manufactures chips and sells them to automakers, industrial makers and electronics brands, paid per unit. Its silicon-carbide (SiC) power chips are made from wafers by its German subsidiary SiCrystal, so it controls its supply chain. It was founded in 1958 as a resistor maker, and basic components remain part of the business.

In one line: A Japanese analog/power chipmaker akin to onsemi.

Products and services

  • Power semiconductors (incl. SiC)
  • Analog ICs
  • Passive components (resistors)
  • LSI/discrete devices

Customers

  • Automotive OEMs (EV power electronics)
  • Industrial & consumer electronics makers

Where it sits in the supply chain

  • Semiconductors
  • Power & analog
  • Power devices, analog ICs, passive…

What could go right

  • EV/xEV power semiconductor demand
  • SiC adoption ramp

What could go wrong

  • EV demand slowdown risk
  • SiC price competition from Chinese entrants

Moat: narrow (process know-how, customer qualification). Early, vertically-integrated SiC wafer-to-module capability for EV inverters, a qualification-heavy business.

Headquarters: Kyoto, Japan · Founded: 1958 · Employees: 21,756

Named competitors

Rohm at a glance

Size Rohm (6963.T) is a Japan Information Technology company (Semiconductors) with a market value of $6.76B, the 188th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥2,759 on 6 Nov 2026.

Performance Over six months the shares fell 18.8%, against -19.9% for the median peer and +1.8% for the Japan market (cap-weighted) — 11th highest of 21 in its peer set.

Growth Revenue grew 12.2% over the last twelve months (peer median +21.9%); the operating margin is 4.1% (peer median 6.5%).

Valuation It trades at 24.3× forward earnings against a peer median of 24.0× (9th cheapest of 17).

Capital Return on invested capital runs 8.3 points below its cost of capital (10.3% WACC).

Next results Next results expected around 9 Feb 2027 (exchange calendar; dates can move).

Relative performance

10015011 May 202611 Aug 20266 Nov 20266963.T 79Peer median 76
Six months, rebased to 100: Rohm against the median of its 20 peers (local-currency closes).

Rohm financials

Reported figures in JPY; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue¥501B¥481B¥448B¥468B¥508B
Revenue growth—+7%-4%-8%—
Gross profit¥124B¥115B¥74.3B¥146B¥194B
EBITDA¥73.0B¥67.9B¥43.6B¥115B¥149B
Net income-¥152B-¥158B-¥50.1B¥54.0B¥80.4B
Free cash flown/a-¥21.5B-¥51.8B-¥83.4B-¥2.14B
Capital expendituren/a¥111B¥136B¥166B¥101B
Total debt¥400B¥403B¥403B¥343B¥43.1B

Quarterly statements and history in the cockpit →

Rohm competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-40%-20%0%+20%-40%-20%0%68822330075153476007036479688213002049FORM6884323661SLABWAAREEENER9903677060823002233003736004600021856881726963.T6-month return →1-month return →
Up and to the right = strong over both horizons. Rohm is the large dot.

Fundamentals: revenue growth against valuation

-50%0%+50%+100%0×50×100×150×30075153476479688213002049FORM6884323661SLABWAAREEENER67703002236004600021856963.TRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Rohm is the large dot.

Rohm competitors and peer comparison

Head to head with its named competitors (6963.T vs IFX.DE vs STM vs ON)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Rohm 6963.T$6.76B-19%+12%4%24.3×n/a
Infineon Technologies IFX.DE$66.8B-33%+6%13%26.0×30.2%
STM STM$41.0B-29%+16%7%17.3×38.6%
ON Semiconductor ON$24.6B-39%+3%19%14.3×20.0%
Mitsubishi Electric 6503.T$59.9B-28%+12%10%17.1×13.2%

How Rohm compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Rohm against its 20 peers (data as of 6 Nov 2026)
Measure6963.TPeer medianRank in peer set
1-month return-48.4%-20.7%lowest of 21
6-month return-18.8%-19.9%11th highest of 21
Distance from 52-week high-54.8%-49.6%8th lowest of 21
Revenue growth (TTM)+12.2%+21.9%8th lowest of 21
Operating margin4.1%6.5%9th lowest of 21
Forward P/E24.3×24.0×9th cheapest of 17
ROIC minus cost of capital-8.3 pp-4.4 pp6th lowest of 21
EV / EBITDA13.7×18.6×3rd cheapest of 7
Net debt / EBITDA-0.9×-1.5×4th most indebted of 8

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Rohm 6963.TJapan$6.76B-19%+12%4%24.3×n/an/a
Jinko Solar 688223.SSChina$6.73B-34%-18%-11%n/an/an/a
Suzhou Maxwell Technologies 300751.SZChina$6.72B-33%-26%6%72.0×47.7%+29.0%
Vanguard International Semiconductor 5347.TWOTaiwan$6.82B-22%+10%17%17.7×n/an/a
Sanan Optoelectronics 600703.SSChina$6.87B-33%-22%-7%n/an/an/a
Minebea Mitsumi 6479.TJapan$6.97B-13%+12%7%11.9×10.8%+11.0%
Smartsens Technology (Shanghai) 688213.SSChina$7.01B+21%+27%13%30.9×23.1%+42.7%
Unigroup Guoxin Microelectronics 002049.SZChina$6.37B-35%-1%18%25.5×24.4%+13.5%
FormFactor FORMUnited States$6.36B-45%+29%21%19.7×22.4%+2.5%
GRINM Semiconductor Materials 688432.SSChina$6.34B+131%+36%19%161.4×n/an/a
Alchip Technologies Limitd 3661.TWTaiwan$7.35B-32%-51%23%14.4×n/an/a
Silicon Laboratories SLABUnited States$7.39B+2%+22%-3%60.3×n/an/a
WAAREE Energies WAAREEENER.NSIndia$7.41B-24%+75%16%17.3×n/an/a
Shanghai Iluvatar CoreX Semiconductor 9903.HKHong Kong$6.06B-6%+158%-65%n/an/an/a
Powerchip Semiconductor Manufacturing 6770.TWTaiwan$7.54B-5%+22%-5%7.6×11.3%+0.5%
Shanghai Biren Technology 6082.HKHong Kong$6.03B-67%+542%-47%n/an/an/a
Ingenic Semiconductor 300223.SZChina$7.59B-15%+89%35%16.7×21.3%+16.9%
Yangzhou Yangjie Electronic Technology 300373.SZChina$5.99B-3%+29%18%22.4×18.1%+22.3%
Hangzhou Silan Microelectronics 600460.SSChina$5.93B-18%+12%2%41.1×n/an/a
Tianshui Huatian Technology 002185.SZChina$7.74B+10%+33%4%45.0×n/an/a
Beijing YanDong MicroElectronic 688172.SSChina$5.86B-26%+22%-89%63.3×n/an/a

Questions

Who are Rohm's main competitors?
Named competitors: Infineon Technologies (IFX.DE), STMicroelectronics (STM), onsemi (ON), Mitsubishi Electric (6503.T). The cockpit's measured peer set (industry) also includes Jinko Solar (688223.SS), Suzhou Maxwell Technologies (300751.SZ), Vanguard International Semiconductor (5347.TWO), Sanan Optoelectronics (600703.SS), Minebea Mitsumi (6479.T), Smartsens Technology (Shanghai) (688213.SS).
Is Rohm expensive compared with its peers?
On forward p/e it trades at 24.3× against a peer median of 24.0×, 9th cheapest of 17 in its peer set.
How has Rohm stock performed?
Over six months to 6 Nov 2026 the shares returned -18.8% against -19.9% for the median peer; over one year +15.8%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.